Individual fund factsheet. August 2017

Transcription

1 Individual fund factsheet August 2017

2 Index Market Outlook Fund Management Details Investment Performance Liquid Plus Assure Fund Income Advantage Fund Income Advantage Guaranteed Fund Protector Fund Builder Fund Balancer Fund Enhancer Fund Creator Fund Magnifier Fund Maximiser Fund Maximiser Guaranteed Fund Super 20 Fund Multiplier Fund Pure Fund Value & Momentum Fund Capped Nifty Index Fund Fund Platinum Plus I Fund Platinum Plus II Fund Platinum Plus III Fund Platinum Plus IV Fund Platinum Premier Fund Platinum Advantage Fund Foresight Single Pay Fund Foresight 5 Pay Fund Titanium I Fund Titanium II Fund Titanium III Fund Pension Nourish Fund Pension Growth Fund Pension Enrich Fund Annexure Pg 1 Pg 4 Pg 5 Pg 6 Pg 7 Pg 8 Pg 9 Pg 10 Pg 11 Pg 12 Pg 13 Pg 14 Pg 15 Pg 16 Pg 17 Pg 18 Pg 19 Pg 20 Pg 21 Pg 22 Pg 23 Pg 24 Pg 25 Pg 26 Pg 27 Pg 28 Pg 29 Pg 30 Pg 31 Pg 32 Pg 33 Pg 34 Pg 35 Pg 36 Pg 37 Pg 38

3 Market Update Economy Review The key events which had an impact on the markets in the month were 1. Domestic factors a. RBI rate cut Reserve Bank of India (RBI) cut the key rates by 25 basis points earlier in the month. The medium term target to keep inflation around 4 per cent was maintained within a band of +/ 2 per cent. Growth projection was retained at 7.3 per cent by RBI. b. Slowdown in India's economic growth GDP growth of India slowed down to 5.7 per cent in the June quarter of This is the slowest growth rate recorded in the last three years. The slowdown was primarily due to the uncertainty around rollout of GST after nine months of the demonetization move. c. SEBI restriction on trading of shell companies on exchanges Securities and Exchange Board of India (SEBI) restricted trading of 331 shell companies listed on stock exchanges. This was done in order to curb black money menace in the country. Shell companies are entities that are generally used for illegal money laundering. d. Rejig at Infosys Vishal Sikka, CEO of Infosys resigned during the month blaming the continuous drumbeat of distractions for his exit. 2. Global factors a. Tension between US and North Korea The rising geopolitical tension between US and North Korea has rattled global equity markets including India. North Korea has reportedly tested ballistic missiles and also fired one over Japan in to sea. Domestic macro economic data was mixed. Inflation continued to be low and within the comfortable range of RBI. Inflation (CPI) for July17 was recorded at 2.4 per cent, higher than 1.5 per cent for the month of June17 which was the lowest inflation ever recorded. Source: Tradingeconomics.com On the economy front, IIP for June17 grew by 0.1 per cent compared to 1.7 per cent in May17. 1 Source: Tradingeconomics.com

4 Market Update Outlook for Equities Sensex lost around 1.9 per cent in the month of August. FIIs turned sellers in August. They sold $2.5bn in the month. Cumulative they are net buyers of $6.4bn in the current year. Domestic institutions remained net buyers for the month. They bought $2.5bn in August taking their total YTD total to $6.5bn. At a 17.3 multiple of FY19 earnings, markets are trading slightly higher than their 15 year average. However, looking at the overall economic activates, investors in equity funds can expect significant gains in longterm. BSE NSE INDEX Nifty 31Aug17 31Jul17 % Change % Sensex % BSE % Sep16 Oct16 Nov16 Dec16 Jan17 Feb17 Mar17 Apr17 May17 Jun17 Jul17 Aug Dow Jones Nikkei Hang Seng Nasdaq % % % % Outlook for The 10 year government bond yield moved from 6.44 per cent to 6.53 per cent in the month. We expect the 10 year Gsec yield to be in the range of 6.25 per cent to 6.5 per cent in the near term. The corporate bond yields are expected to maintain a spread of around 80 basis points on the upward side year AAA Corporate Bond Spread 140 Key Indices 31Aug17 31Jul17 % Change year GSec 6.53% 6.47% 0.92% Percentage(%) bps 5 Year GSec 91 Day T Bill 364 day TBill Call Rates 6.50% 6.56% 0.92% 6.09% 6.13% 0.66% 6.25% 6.24% 0.16% 5.85% 5.88% 0.51% Sep16 Oct16 Nov16 Dec16 Jan17 Feb17 Mar17 Apr17 May17 Jun17 Jul17 Aug17 2

5 Fund Management Details Fund SFIN No Fund Manager Liquid Plus Assure Fund Income Advantage Fund Income Advantage Guaranteed Fund ULIF02807/10/11BSLLIQPLUS109 ULIF01008/07/05BSLIASSURE109 ULIF01507/08/08BSLIINCADV109 ULIF03127/08/13BSLIINADGT109 Mr. Ajit Kumar PPB Mr. Ajit Kumar PPB Mr. Ajit Kumar PPB Mr. Ajit Kumar PPB Balanced Fund Protector Fund Builder Fund Balancer Fund Enhancer Fund Creator Fund Fund Magnifier Fund Maximiser Fund Maximiser Guaranteed Fund Super 20 Fund Multiplier Fund Pure Fund Value & Momentum Fund Capped Nifty Index Fund SFIN No ULIF00313/03/01BSLPROTECT109 ULIF00113/03/01BSLBUILDER109 ULIF00931/05/05BSLBALANCE109 ULIF00213/03/01BSLENHANCE109 ULIF00704/02/04BSLCREATOR109 SFIN No ULIF00826/06/04BSLIIMAGNI109 ULIF01101/06/07BSLIINMAXI109 ULIF03027/08/13BSLIMAXGT109 ULIF01723/06/09BSLSUPER20109 ULIF01217/10/07BSLINMULTI109 ULIF02707/10/11BSLIPUREEQ109 ULIF02907/10/11BSLIVALUEM109 ULIF03530/10/14BSLICNFIDX109 Fund Manager Mr. Dhrumil Shah Mr. Ajit Kumar PPB Mr. Dhrumil Shah Mr. Ajit Kumar PPB Mr. Sumit Poddar Mr. Ajit Kumar PPB Mr. Sameer Mistry Mr. Ajit Kumar PPB Mr. Dhrumil Shah Mr. Ajit Kumar PPB Fund Manager Mr. Dhrumil Shah Mr. Ajit Kumar PPB Mr. Sameer Mistry Mr. Sameer Mistry Mr. Sameer Mistry Mr. Dhrumil Shah Mr. Trilok Agarwal Mr. Sumit poddar Mr. Trilok Agarwal Fund Manager Asset allocation fund SFIN No Fund ULIF03430/10/14BSLIASTALC109 Mr. Trilok Agarwal Mr. Ajit Kumar PPB Pension Funds Pension Nourish Fund Pension Growth Fund Pension Enrich Fund Guaranteed NAV Funds Platinum Plus I Fund Platinum Plus II Fund Platinum Plus III Fund Platinum Plus IV Fund Platinum Premier Fund Platinum Advantage Fund Foresight Single Pay Fund Foresight 5 Pay Fund Titanium I Fund Titanium II Fund Titanium III Fund SFIN No ULIF00604/03/03BSLNOURISH109 ULIF00504/03/03BSLIGROWTH109 ULIF00404/03/03BSLIENRICH109 SFIN No ULIF01325/02/08BSLIIPLAT1109 ULIF01425/02/08BSLIIPLAT2109 ULIF01628/04/09BSLIIPLAT3109 ULIF01816/09/09BSLIIPLAT4109 ULIF02203/02/10BSLPLATPR1109 ULIF02408/09/10BSLPLATADV109 ULIF02610/02/11BSLFSITSP1109 ULIF02510/02/11BSLFSIT5P1109 ULIF01911/12/09BSLITITAN1109 ULIF02011/12/09BSLITITAN2109 ULIF02111/12/09BSLITITAN3109 Mr. Sumit Poddar Mr. Sumit Poddar Mr. Dhrumil Shah Mr. Sumit Poddar Mr. Trilok Agarwal Mr. Trilok Agarwal Mr. Trilok Agarwal Mr. Sumit Poddar Mr. Sumit Poddar Mr. Dhrumil Shah Mr. Dhrumil Shah Mr. Sumit Poddar Mr. Sumit Poddar Mr. Sumit Poddar Fund Manager Fund Manager Mr. Ajit Kumar PPB Mr. Ajit Kumar PPB Mr. Ajit Kumar PPB Mr. Ajit Kumar PPB Mr. Ajit Kumar PPB Mr. Ajit Kumar PPB Mr. Ajit Kumar PPB Mr. Ajit Kumar PPB Mr. Ajit Kumar PPB Mr. Ajit Kumar PPB Mr. Ajit Kumar PPB Mr. Ajit Kumar PPB Mr. Ajit Kumar PPB Mr. Ajit Kumar PPB Fund Manager Mr. Ajit Kumar PPB Mr. Dhrumil Shah Mr. Sumit Poddar Mr. Sameer Mistry Mr. Trilok Agarwal Fund 4 Balanced Fund No. of Funds Managed Fund Asset allocation fund Guaranteed NAV Fund Pension Fund

6 Performance at a glance as on 31st August 2017 Individual Funds Returns Period Liquid Plus Assure 1 month Income Advantage Income Advantage Guaranteed 0.45 Protector Absolute 3 months 6 months Year Years Years CAGR 4 Years 5 Years Since Inception Returns Period Builder Balancer Enhancer Creator Magnifier Absolute CAGR 1 month 3 months 6 months 1 Year 2 Years 3 Years 4 Years 5 Years Since Inception Returns Absolute CAGR Period 1 month 3 months 6 months 1 Year 2 Years 3 Years 4 Years 5 Years Since Inception Maximiser Maximiser Super 20 Pure Multiplier Guaranteed Value Momentum Capped Nifty Asset Index Allocation Fund Name Liquid Plus Assure Income Advantage Income Advantage Guaranteed Protector Builder Balancer Enhancer Creator Magnifier Maximiser Maximiser Guaranteed Super 20 Multiplier Pure Value & Momentum Capped Nifty Index 10% 20% 25% 30% 50% 85% 90% 90% 90% 90% BSE 100 BSE 100 BSE 100 BSE Sensex Nifty Free Float Midcap 100 BSE % 70% 65% 60% 40% Benchmark Composition Weightage Index Weightage Index Weightage Index 100% Crisil Liquid Fund Index 100% Crisil Short Term Bond Fund Index 80% Crisil Composite Bond Fund Index 20% Crisil Liquid Fund Index BSE 100 Crisil Liquid Fund Index BSE 100 Crisil Liquid Fund Index BSE 100 Crisil Liquid Fund Index BSE 100 Crisil Liquid Fund Index Crisil Composite Bond Fund Index Crisil Composite Bond Fund Index Crisil Composite Bond Fund Index Crisil Composite Bond Fund Index Crisil Composite Bond Fund Index 10% 10% 10% 10% 10% 15% 10% 10% 10% 10% Crisil Liquid Fund Index Crisil Liquid Fund Index Crisil Liquid Fund Index Crisil Liquid Fund Index Crisil Liquid Fund Index Crisil Liquid Fund Index SFIN ULIF02807/10/11BSLLIQPLUS109 ULIF01008/07/05BSLIASSURE109 ULIF01507/08/08BSLIINCADV109 ULIF03127/08/13BSLIINADGT109 ULIF00313/03/01BSLPROTECT109 ULIF00113/03/01BSLBUILDER109 ULIF00931/05/05BSLBALANCE109 ULIF00213/03/01BSLENHANCE109 ULIF00704/02/04BSLCREATOR109 ULIF00826/06/04BSLIIMAGNI109 ULIF01101/06/07BSLIINMAXI109 ULIF03027/08/13BSLIMAXGT109 ULIF01723/06/09BSLSUPER20109 ULIF01217/10/07BSLINMULTI109 ULIF02707/10/11BSLIPUREEQ109 ULIF02907/10/11BSLIVALUEM109 ULIF03430/10/14BSLIASTALC109 ULIF03530/10/14BSLICNFIDX109 Disclaimer: This document is issued by BSLI. While all reasonable care has been taken in preparing this document, no responsibility or liability is accepted for errors of fact or for any opinion expressed herein. This document is for information purposes only. It does not constitute any offer, recommendation or solicitation to any person to enter into any transaction or adopt any investment strategy, nor does it constitute any prediction of likely future movements in NAVs. Past performance is not necessarily indicative of future performance. We have reviewed the report, and in so far as it includes current or historical information, it is believed to be reliable though its accuracy or completeness cannot be guaranteed. Neither Birla Sun Life Insurance Company Limited, nor any person connected with it, accepts any liability arising from the use of this document. You are advised to make your own independent judgment with respect to any matter contained herein. The investment risk in investment portfolio is borne by the policyholder. The name of the funds do not in any way indicate their quality, future prospects or returns. The premium paid in unit linked life insurance policies are subject to investment risk associated with capital markets and the unit price of the units may go up or down based on the performance of investment fund and factors influencing the capital market and the policyholder is responsible for his/her decisions Insurance is the subject matter of solicitation. BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS: IRDA clarifies to public that IRDA or its officials do not involve inactivities like sale of any kind of insurance or financial products nor invest premiums. IRDA does not announce any bonus. Public receiving such phone calls are requested to lodge a police complaint along with details of phone call, number. 4

7 Performance at a glance as on 31st August 2017 Guaranteed Nav Funds Returns Absolute CAGR Period 1 month 3 months 6 months 1 Year 2 Years 3 Years 4 Years 5 Years Platinum Plus Platinum Plus II Platinum Plus III Platinum Plus IV Platinum Premier Since Inception Returns Period Platinum Advantage Foresight Single Pay Foresight 5 Pay Titanium I Titanium II Titanium III 1 month Absolute 3 months 6 months Year Years Years CAGR 4 Years Years Since Inception Pension Funds Returns Period Pension Nourish Pension Growth Pension Enrich 1 month Absolute 3 months 6 months Year Years Years CAGR 4 Years Years Since Inception Fund Name Platinum Plus I Platinum Plus II Platinum Plus III Platinum Plus IV Platinum Premier Platinum Advantage Foresight Single Pay Foresight 5 Pay Titanium I Titanium II Titanium III Pension Nourish Pension Growth Pension Enrich Benchmark Composition Weightage Index Weightage Index Weightage Index 10% 20% 35% BSE 100 BSE 100 BSE % 70% 55% Crisil Composite Bond Fund Index Crisil Composite Bond Fund Index Crisil Composite Bond Fund Index 10% 10% 10% Crisil Liquid Fund Index Crisil Liquid Fund Index Crisil Liquid Fund Index SFIN ULIF01325/02/08BSLIIPLAT1109 ULIF01425/02/08BSLIIPLAT2109 ULIF01628/04/09BSLIIPLAT3109 ULIF01816/09/09BSLIIPLAT4109 ULIF02203/02/10BSLPLATPR1109 ULIF02408/09/10BSLPLATADV109 ULIF02610/02/11BSLFSITSP1109 ULIF02510/02/11BSLFSIT5P1109 ULIF01911/12/09BSLITITAN1109 ULIF02011/12/09BSLITITAN2109 ULIF02111/12/09BSLITITAN3109 ULIF00604/03/03BSLNOURISH109 ULIF00504/03/03BSLIGROWTH109 ULIF00404/03/03BSLIENRICH109 Disclaimer: This document is issued by BSLI. While all reasonable care has been taken in preparing this document, no responsibility or liability is accepted for errors of fact or for any opinion expressed herein. This document is for information purposes only. It does not constitute any offer, recommendation or solicitation to any person to enter into any transaction or adopt any investment strategy, nor does it constitute any prediction of likely future movements in NAVs. Past performance is not necessarily indicative of future performance. We have reviewed the report, and in so far as it includes current or historical information, it is believed to be reliable though its accuracy or completeness cannot be guaranteed. Neither Birla Sun Life Insurance Company Limited, nor any person connected with it, accepts any liability arising from the use of this document. You are advised to make your own independent judgment with respect to any matter contained herein. The investment risk in investment portfolio is borne by the policyholder. The name of the funds do not in any way indicate their quality, future prospects or returns. The premium paid in unit linked life insurance policies are subject to investment risk associated with capital markets and the unit price of the units may go up or down based on the performance of investment fund and factors influencing the capital market and the policyholder is responsible for his/her decisions Insurance is the subject matter of solicitation. BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS: IRDA clarifies to public that IRDA or its officials do not involve inactivities like sale of any kind of insurance or financial products nor invest premiums. IRDA does not announce any bonus. Public receiving such phone calls are requested to lodge a police complaint along with details of phone call, number. 5

8 Liquid Plus SFIN No.ULIF02807/10/11BSLLIQPLUS109 Date of Inception: 09Mar12 OBJECTIVE: To provide superior riskadjusted returns with low volatility at a high level of safety and liquidity through investments in high quality short term fixed income instruments upto one year maturity. STRATEGY: Fund will invest in high quality shortterm fixed income instruments upto one year maturity. The endeavour will be to optimize returns while providing liquidity and safety with very low risk profile. NAV as on 31st August 2017: ` BENCHMARK: Crisil Liquid Fund Index Asset held as on 31st August 2017: ` Cr FUND MANAGER : Mr. Ajit Kumar PPB Liquid Plus Rating Profile CBLO & Others 25.34% GSecs 4.13% 10.19% AA AA+ 6.10% 9.83% AA 5.07% NCD 70.52% A % AAA 49.60% Aug13 Nov13 Feb14 May14 Aug14 Nov14 Feb15 May15 Aug15 Nov15 Feb16 May16 Aug16 Nov16 Government Of India % CORPORATE DEBT 70.52% 9.43% Indian Railway Finance Corpn. Ltd % National Bank For Agri. And Rural Development % 8.95% Power Finance Corpn. Ltd % 7.45% Tata Industries Ltd % 9.4% Vedanta Limited % 9.3% Indiabulls Housing Finance Ltd % 8.35% Petronet LNG Ltd % 7.93% Power Grid Corpn. Of India Ltd % 8.9% Steel Authority Of India Ltd % 8.6% LIC Housing Finance Ltd % Other Corporate 12.23% Feb17 May17 CBLO & Others GOVERNMENT 4.13% Aug % AUM (in Cr) (100%) Maturity (in years) 0.60 Yield to Maturity Modified Duration 94.55% Maturity Profile 6.88% % Less than 2 years 2 to 7 years The average maturity of the fund has remain constant at 0.60 years on a MOM basis. Liquid plus fund continues to be predominantly invested in highest rated fixed income instruments. 6

9 Assure Fund SFIN No.ULIF01008/07/05BSLIASSURE109 Date of Inception: 12Sep05 OBJECTIVE: To provide capital conservation at a high level of safety and liquidity through judicious investments in high quality shortterm debt. STRATEGY: To generate better return with low level of risk through investment into fixed interest securities having shortterm maturity profile. NAV as on 31st August 2017: ` BENCHMARK: Crisil Short Term Bond Fund Index Asset held as on 31st August 2017: ` Cr FUND MANAGER: Mr. Ajit Kumar PPB Assure Rating Profile CBLO & Others 19.21% AA 14.46% AA+ A % A+ 7.17% 1.70% NCD 80.88% AAA 73.86% Aug10 Feb11 Aug11 Feb12 Aug12 Feb13 Aug13 Feb14 Aug14 Feb15 Aug15 Feb16 Aug16 Feb17 Aug17 CORPORATE DEBT 80.88% 7.9% Nirma Ltd % 7.48% Gruh Finance Ltd % 7.55% Tube Investments Of India Ltd % 9.81% Power Finance Corpn. Ltd % 8.12% ONGC Mangalore Petrochemicals Limited % 8.3% GAIL (India) Ltd % 8.4% Larsen & Toubro Ltd % 8.37% Rural Electrification Corpn. Ltd % 8.4% Power Grid Corpn. Of India Ltd % 8.5% NHPC Ltd % Other Corporate 39.59% CBLO & Others 19.12% AUM (in Cr) (100%) Maturity (in years) Yield to Maturity % Modified Duration 1.72 Maturity Profile 54.57% 45.43% Less than 2 years 2 to 7 years The average maturity of the fund has slightly increased to 2.16 years from 2.10 years on a MOM basis. Assure fund continues to be predominantly invested in highest rated fixed income instruments. 7

10 Income Advantage Fund SFIN No.ULIF01507/08/08BSLIINCADV109 Date of Inception: 22Aug08 OBJECTIVE: To provide capital preservation and regular income, at a high level of safety over a medium term horizon by investing in high quality debt instruments. STRATEGY: To actively manage the fund by building a portfolio of fixed income instruments with medium term duration. The fund will invest in government securities, high rated corporate bonds, high quality money market instruments and other fixed income securities. The quality of the assets purchased would aim to minimize the credit risk and liquidity risk of the portfolio. The fund will maintain reasonable level of liquidity. NAV as on 31st August 2017: ` BENCHMARK: Crisil Composite Bond Fund Index & Crisil Liquid Fund Index Asset held as on 31st Income August Advantage 2017: ` Cr Income Advantage FUND MANAGER: Mr. Ajit Kumar PPB Rating Profile GSecs CBLO & Others 38.93% 9.12% 42.84% AA 7.58% AA+ 4.17% A+ 0.84% Aug10 Feb11 Aug11 Feb12 Aug12 Feb13 Aug13 Feb14 Aug14 Feb15 Aug15 Feb16 Aug16 Feb17 Aug17 NCD 51.95% AAA 44.58% GOVERNMENT 6.79% Government Of India % 7.61% Government Of India % 6.97% Government Of India % 8.17% Government Of India % 8.21% State Government Of Rajasthan % 6.57% Government Of India % 8.13% Government Of India % 6.79% Government Of India % 6.62% Government Of India % 8.83% Government Of India % Other Government Securities 1.40% CORPORATE DEBT 8.05% NTPC Ltd % 8.25% Tata Sons Ltd % 8.85% Tata Capital Financial Services Limited % 7.2% Power Grid Corpn. Of India Ltd % 8.12% ONGC Mangalore Petrochemicals Limited % 9.6% Hindalco Industries Ltd % 8.45% Housing Development Finance Corpn. Ltd % 8.72% Kotak Mahindra Bank Ltd % 8.2% Power Grid Corpn. Of India Ltd % 8.75% Housing Development Finance Corpn. Ltd % Other Corporate 33.33% CBLO & Others 38.93% 51.95% 9.12% Maturity (in years) Yield to Maturity AUM (in Cr) (100%) % Modified Duration % Maturity Profile 23.44% 62.87% Less than 2 years 2 to 7 years 7 years & above Exposure to Gsecs has decreased to 38.93% from 41.75% and MMI has slightly decreased to 9.12% from 9.24% on a MOM basis. Income Advantage fund continues to be predominantly invested in highest rated fixed income instruments. 8

11 Income Advantage Guaranteed Fund SFIN No.ULIF03127/08/13BSLIINADGT109 OBJECTIVE: To provide capital preservation and regular income, at a high level of safety over a medium term horizon by investing in high quality debt instruments. STRATEGY: To actively manage the fund by building a portfolio of fixed income instruments with medium term duration. The fund will invest in government securities, high rated corporate bonds, high quality money market instruments and other fixed income securities. The quality of the assets purchased would aim to minimize the credit risk and liquidity risk of the portfolio. The fund will maintain reasonable level of liquidity. NAV as on 31st August 2017: ` Asset held as on 31st Income August Advantage 2017: ` Cr GOVERNMENT 7.35% Government Of India % 8.17% Government Of India % 7.61% Government Of India % 7.59% Government Of India % 8.83% Government Of India % 8.79% Government Of India % 8.6% Government Of India % 8.13% Government Of India % 8.3% Government Of India % CORPORATE DEBT 8.12% Export Import Bank Of India % 7.89% Can Fin Homes Ltd % 8.5% Repco Home Finance Ltd % 7.63% PNB Housing Finance Limited % 7.55% Tube Investments Of India Ltd % 8.14% Nuclear Power Corpn. Of India Ltd % 8.13% Power Grid Corpn. Of India Ltd % 9.2% Cholamandalam Investment And Finance Co. Ltd % 8.72% Kotak Mahindra Bank Ltd % 9.13% Cholamandalam Investment And Finance Co. Ltd % Other Corporate 31.10% CBLO & Others FUND MANAGER: Mr. Ajit Kumar PPB 29.90% 64.05% 6.06% GSecs 29.90% CBLO & Others NCD 64.05% 6.06% Maturity (in years) Yield to Maturity Date of Inception: 01Jan % AUM (in Cr) (100%) Rating Profile % Modified Duration 4.82 Maturity Profile AA 17.66% AAA 45.64% AA+ 3.25% A+ 1.63% 47.16% 35.97% 16.87% Less than 2 years 2 to 7 years 7 years & above Exposure to Gsecs has decreased to 29.90% from 30.81% and MMI has increased to 6.06% from 4.82% on a MOM basis. Income Advantage Guaranteed fund continues to be predominantly invested in highest rated fixed income instruments. 9

12 Protector Fund SFIN No.ULIF00313/03/01BSLPROTECT109 Date of Inception: 22Mar01 OBJECTIVE: To generate consistent returns through active management of a fixed income portfolio and focus on creating a longterm equity portfolio, which will enhance the yield of the composite portfolio with minimum risk appetite. STRATEGY: To invest in fixed income securities with marginal exposure to equity up to 10% at low level of risk. This investment fund is suitable for those who want to preserve their capital and earn a steady return on investment through higher exposure to debt securities. NAV as on 31st August 2017: ` Asset held as on 31st August 2017: ` Cr BENCHMARK: BSE 100, Crisil Composite Bond Fund Index & Crisil Liquid Fund Index FUND MANAGER: Mr. Dhrumil Shah (), Mr. Ajit Kumar PPB () Protector AUM (in Cr) Rating Profile (10%) GSecs 35.99% Equities 9.98% CBLO & Others 3.43% AA+ AA 4.14% AA 8.98% 41.57% 2.28% (90%) NCD 50.60% AAA 43.04% Aug10 Feb11 Aug11 Feb12 Aug12 Feb13 Aug13 Feb14 Aug14 GOVERNMENT 7.88% Government Of India % 7.59% Government Of India % 7.59% Government Of India % 9.23% Government Of India % 8.28% Government Of India % 8.24% Government Of India % 8.33% Government Of India % 7.95% Government Of India % 8.3% Government Of India % 8.6% Government Of India % Other Government Securities 4.67% CORPORATE DEBT 2% Tata Steel Ltd % 9.57% Indian Railway Finance Corpn. Ltd % 10.85% Rural Electrification Corpn. Ltd % 8.9% Steel Authority Of India Ltd % 8.51% India Infradebt Ltd % 8.7% Sundaram Finance Ltd % 9.25% Power Grid Corpn. Of India Ltd % 9.25% Power Grid Corpn. Of India Ltd % 9.61% Power Finance Corpn. Ltd % 8.88% Export Import Bank Of India % Other Corporate 31.48% EQUITY Housing Development Finance Corpn. Ltd. 0.56% ITC Ltd. 0.50% Maruti Suzuki India Ltd. 0.45% Indusind Bank Ltd. 0.42% HDFC Bank Ltd. 0.41% Reliance Industries Ltd. 0.40% ICICI Bank Ltd. 0.36% Infosys Ltd. 0.29% Kotak Mahindra Bank Ltd. 0.23% Hindustan Petroleum Corpn. Ltd. 0.21% Other 6.16% CBLO & Others Feb15 Aug15 Feb16 Aug16 Feb17 Aug % 50.60% 9.98% 3.43% Maturity (in years) Yield to Maturity MANUFACTURING SOFTWARE / IT AUTO ANCILLIARY 4.12% 3.68% 3.04% 3.04% 7.96% 7.22% 5.97% 11.14% % Modified Duration % Maturity Profile 35.80% 12.35% 21.83% 19.63% 47.32% Less than 2 years 2 to 7 years 7 years & above Exposure to Gsecs has decreased to 35.99% from 37.04% and MMI has slightly increased to 3.43% from 3.26% on a MOM basis. Protector fund continues to be predominantly invested in highest rated fixed income instruments. 10

13 Builder Fund SFIN No.ULIF00113/03/01BSLBUILDER109 Date of Inception: 22Mar01 OBJECTIVE: To build capital and generate better returns at moderate level of risk, over a medium or longterm period through a balance of investments in equity and debt. STRATEGY: To generate better returns with moderate level of risk through active management of a fixed income portfolio and focus on creating a longterm equity portfolio, which will enhance the yield of the composite portfolio with low level of risk appetite. NAV as on 31st August 2017: ` Asset held as on 31st August 2017: ` Cr BENCHMARK: BSE 100, Crisil Composite Bond Fund Index & Crisil Liquid Fund Index FUND MANAGER: Mr. Dhrumil Shah (), Mr. Ajit Kumar PPB () Builder AUM (in Cr) Rating Profile (20%) GSecs 32.45% Equities 19.82% CBLO & Others 2.97% AA 2.77% AA+ AA 42.03% 3.21% 1.83% Aug10 Feb11 Aug11 Feb12 Aug12 Feb13 Aug13 Feb14 Aug14 GOVERNMENT 8.28% Government Of India % 7.59% Government Of India % 6.97% Government Of India % 8.17% Government Of India % 7.88% Government Of India % 8.32% Government Of India % 8.79% Government Of India % 7.95% Government Of India % 8.3% Government Of India % 8.08% Government Of India % Other Government Securities 0.10% CORPORATE DEBT 8.76% HDB Financial Services Ltd % 9.25% Power Grid Corpn. Of India Ltd % 8.65% Rural Electrification Corpn. Ltd % 9.81% Power Finance Corpn. Ltd % 8.5% Indian Railway Finance Corpn. Ltd % 8.85% Axis Bank Ltd % 8.5% NHPC Ltd % 8.12% Export Import Bank Of India % Tata Motors Finance Ltd % 8.65% India Infradebt Ltd % Other Corporate 21.62% EQUITY Housing Development Finance Corpn. Ltd. 1.11% ITC Ltd. 0.99% Maruti Suzuki India Ltd. 0.87% Indusind Bank Ltd. 0.84% HDFC Bank Ltd. 0.81% Reliance Industries Ltd. 0.79% ICICI Bank Ltd. 0.71% Kotak Mahindra Bank Ltd. 0.58% Infosys Ltd. 0.56% Federal Bank Ltd. 0.43% Other 12.12% CBLO & Others Feb15 Aug15 Feb16 Aug16 Feb17 Aug (80%) 32.45% 44.76% 19.82% 2.97% NCD 44.76% MANUFACTURING METAL CONSTRUCTION Maturity (in years) Yield to Maturity 4.48% 3.60% 3.14% 3.02% 8.35% 7.37% 5.97% 10.37% % Modified Duration 4.82 Maturity Profile 24.79% 22.59% 11.93% AAA 50.15% 19.26% 52.62% 22.51% Less than 2 years 2 to 7 years 7 years & above Exposure to NCD has slightly decreased to 44.76% from 44.83% and MMI has decreased to 2.97% from 3.13% on a MOM basis. Builder fund continues to be predominantly invested in highest rated fixed income instruments. 11

14 Balancer Fund SFIN No.ULIF00931/05/05BSLBALANCE109 OBJECTIVE: The objective of this investment fund is to achieve value creation of the policyholder at an average risk level over medium to longterm period. STRATEGY: The strategy is to invest predominantly in debt securities with an additional exposure to equity, maintaining medium term duration profile of the portfolio. NAV as on 31st August 2017: ` Date of Inception: 18Jul05 BENCHMARK: BSE 100, Crisil Composite Bond Fund Index & Crisil Liquid Fund Index Asset held as on 31st August 2017: ` Cr FUND MANAGER: Mr. Sumit Poddar (), Mr. Ajit Kumar () Balancer AUM (in Cr) Rating Profile 7.71 (24%) Equities 24.06% NCD CBLO & Others 14.88% 9.29% AAA 19.42% AA 2.27% Aug10 Feb11 Aug11 Feb12 Aug12 Feb13 Aug13 Feb14 Aug14 GOVERNMENT 8.17% Government Of India % 8.33% Government Of India % 8.97% Government Of India % 8.2% Government Of India % 8.6% Government Of India % 7.95% Government Of India % 5.64% Government Of India % 8.32% Government Of India % 8.3% Government Of India % 8.79% Government Of India % Other Government Securities 7.84% CORPORATE DEBT 9% Export Import Bank Of India % 9.39% Power Finance Corpn. Ltd % 9.47% Power Grid Corpn. Of India Ltd % 9.35% Power Grid Corpn. Of India Ltd % 8.9% Steel Authority Of India Ltd % 10.85% Rural Electrification Corpn. Ltd % 9.36% Power Finance Corpn. Ltd % HDFC Bank Ltd. 2.11% Housing Development Finance Corpn. Ltd. 1.59% Reliance Industries Ltd. 1.54% ITC Ltd. 1.01% Infosys Ltd. 0.91% ICICI Bank Ltd. 0.87% Larsen & Toubro Ltd. 0.74% Bajaj Finance Ltd. 0.73% Maruti Suzuki India Ltd. 0.62% Tata Motors Ltd. 0.57% Other 13.39% CBLO & Others Feb15 Aug15 Feb16 Aug16 Feb17 Aug17 Gsec (76%) 51.77% 51.77% 14.88% 24.06% 9.29% Maturity (in years) Yield to Maturity SOFTWARE / IT TELECOMMUNICATION MANUFACTURING 6.52% 5.73% 5.11% 4.81% 4.54% 4.45% % Modified Duration % Maturity Profile 23.51% 10.29% 10.29% 78.30% 11.78% 15.04% 46.01% 21.43% Less than 2 years 2 to 7 years 7 years & above Exposure to equities has increased to 24.06% from 23.62% and MMI has increased to 9.29% from 8.68% on a MOM basis. Balancer fund continues to be predominantly invested in highest rated fixed income instruments. 12

15 Enhancer Fund SFIN No.ULIF00213/03/01BSLENHANCE109 OBJECTIVE: To grow capital through enhanced returns over a medium to longterm period through investments in equity and debt instruments, thereby providing a good balance between risk and return. It is suitable for individuals seeking, higher returns with a balanced equitydebt exposure. STRATEGY: To earn capital appreciation by maintaining a diversified equity portfolio and seek to earn regular returns on the fixed income portfolio by active management resulting in wealth creation for policy owners. NAV as on 31st August 2017: ` Date of Inception: 22Mar01 BENCHMARK: BSE 100, Crisil Composite Bond Fund Index & Crisil Liquid Fund Index Asset held as on 31st August 2017: ` Cr FUND MANAGER: Mr. Sameer Mistry (), Mr. Ajit Kumar PPB () Enhancer AUM (in Cr) Rating Profile (30%) GSec 27.55% CBLO & Others 8.45% 45.31% AA+ AA 2.02% AA 6.96% 0.26% A+ 0.01% (70%) Equities 30.50% NCD 33.50% AAA 45.43% Aug10 Feb11 Aug11 Feb12 Aug12 Feb13 Aug13 Feb14 Aug14 Feb15 Aug15 GOVERNMENT 9.23% Government Of India % 8.6% Government Of India % 8.83% Government Of India % 9.2% Government Of India % 8.17% Government Of India % 6.97% Government Of India % 7.88% Government Of India % 7.95% Government Of India % 6.79% Government Of India % 8.26% Government Of India % Other Government Securities 10.06% CORPORATE DEBT 2% Tata Steel Ltd % 10.75% Reliance Industries Ltd % 9.05% State Bank Of India % 7.23% Power Finance Corpn. Ltd % 9.1% State Bank Of Mysore % 8.55% Indian Railway Finance Corpn. Ltd % 7.5% Apollo Tyres Ltd % 10.85% Punjab National Bank % 9.02% Rural Electrification Corpn. Ltd % 9.02% Tata Motors Ltd % Other Corporate 27.89% Feb16 HDFC Bank Ltd. 2.37% Reliance Industries Ltd. 1.97% ITC Ltd. 1.79% Housing Development Finance Corpn. Ltd. 1.64% Infosys Ltd. 1.51% Maruti Suzuki India Ltd. 1.44% ICICI Bank Ltd. 1.21% Larsen & Toubro Ltd. 1.06% Mahindra And Mahindra Ltd. 0.94% Lakshmi Vilas Bank Ltd. 0.61% Other 15.95% Aug16 Feb17 Aug17 CBLO & Others 27.55% 33.50% 30.50% 8.45% 13 SOFTWARE / IT METAL TELECOMMUNICATION Maturity (in years) Yield to Maturity 5.28% 4.00% 3.67% 3.12% 9.68% 8.80% 7.83% 7.73% % Modified Duration % Maturity Profile 34.34% 12.61% 16.13% 45.52% 21.15% Less than 2 years 2 to 7 years 7 years & above Exposure to equities has decreased to 30.50% from 31.00% and MMI has decreased to 8.45% from 9.11% on a MOM basis. Enhancer fund continues to be predominantly invested in highest rated fixed income instruments.

16 Creator Fund SFIN No.ULIF00704/02/04BSLCREATOR109 OBJECTIVE: To achieve optimum balance between growth and stability to provide longterm capital appreciation with balanced level of risk by investing in fixed income securities and high quality equity security. This fund option is for those who are willing to take average to high level of risk to earn attractive returns over a long period of time. STRATEGY: To invest into fixed income securities & maintaining diversified equity portfolio along with active fund management of the policyholder's wealth in long run. NAV as on 31st August 2017: ` Asset held as on 31st August 2017: ` Cr FUND MANAGER: Date of Inception: 23Feb04 BENCHMARK: BSE 100, Crisil Composite Bond Fund Index & Crisil Liquid Fund Index Mr. Dhrumil Shah (), Mr. Ajit Kumar PPB () Creator AUM (in Cr) Rating Profile (48%) GSecs CBLO & Others NCD 23.51% 4.96% 23.73% AAA 41.90% AA AA 1.95% 4.55% AA+ 1.95% Aug10 Feb11 Aug11 Feb12 Aug12 Feb13 Aug13 Feb14 Aug14 Feb15 Aug15 GOVERNMENT 9.23% Government Of India % 6.97% Government Of India % 8.28% Government Of India % 8.33% Government Of India % 7.88% Government Of India % 6.79% Government Of India % 8.6% Government Of India % 7.59% Government Of India % 8.24% Government Of India % 8.13% Government Of India % Other Government Securities 2.99% CORPORATE DEBT 9.4% Rural Electrification Corpn. Ltd % 8.75% Housing Development Finance Corpn. Ltd % 8.51% India Infradebt Ltd % 8.5% Repco Home Finance Ltd % 11% Power Finance Corpn. Ltd % 8.85% Axis Bank Ltd % 8.12% Export Import Bank Of India % 8.5% NHPC Ltd % 8.72% Kotak Mahindra Bank Ltd % 8.85% Bajaj Finance Ltd % Other Corporate 8.34% EQUITY Feb16 Housing Development Finance Corpn. Ltd. 2.61% ITC Ltd. 2.46% IndusInd Bank Ltd. 2.09% Maruti Suzuki India Ltd. 2.02% Reliance Industries Ltd. 1.98% HDFC Bank Ltd. 1.88% ICICI Bank Ltd. 1.74% Infosys Ltd. 1.27% Kotak Mahindra Bank Ltd. 1.26% Hindustan Petroleum Corpn. Ltd. 1.05% Other 29.43% Aug16 Feb17 Aug17 CBLO & Others (52%) 23.51% 23.73% 47.80% 4.96% 14 Maturity (in years) Yield to Maturity Equities 47.80% MANUFACTURING SOFTWARE / IT AUTO ANCILLIARY 3.80% 3.47% 3.11% 3.08% 8.27% 7.14% 6.17% % Modified Duration % Maturity Profile 33.07% 49.76% 12.31% 10.93% 21.96% 19.77% 49.50% Less than 2 years 2 to 7years 7years & above Exposure to equities has increased to 47.80% from 46.50% and MMI has decreased to 4.96% from 6.65% on a MOM basis. Creator fund continues to be predominantly invested in large cap stocks and maintains a well diversified portfolio with investments made across various sectors.

17 Magnifier Fund SFIN No.ULIF00826/06/04BSLIIMAGNI109 Date of Inception: 12Aug04 OBJECTIVE: To maximize wealth by actively managing a diversified equity portfolio. STRATEGY: To invest in high quality equity security to provide longterm capital appreciation with high level of risk. This fund is suitable for those who want to have wealth maximization over longterm period with equity market dynamics. NAV as on 31st August 2017: ` BENCHMARK: BSE 100 & Crisil Liquid Fund Index Asset held as on 31st August 2017: ` Cr FUND MANAGER: Mr. Dhrumil Shah (), Mr. Ajit Kumar PPB () Magnifier Rating Profile CBLO & Others GSecs 12.14% 8.69% NCD 1.09% AAA 9.33% Aug10 Feb11 Aug11 Feb12 Aug12 Feb13 Aug13 Feb14 Aug14 Feb15 Aug15 Feb16 Aug16 Feb17 Aug17 Equities 78.07% 90.67% CORPORATE DEBT 8.58% Housing Development Finance Corpn. Ltd % 9.43% Indian Railway Finance Corpn. Ltd % National Bank For Agri. And Rural Development % 9.5% Housing Development Finance Corpn. Ltd % 9.81% Power Finance Corpn. Ltd % 11% Power Finance Corpn. Ltd % 9.1% HDFC Bank Ltd % EQUITY HDFC Bank Ltd. 5.93% Reliance Industries Ltd. 5.07% ITC Ltd. 4.63% Housing Development Finance Corpn. Ltd. 4.21% Infosys Ltd. 3.86% Maruti Suzuki India Ltd. 3.81% Larsen & Toubro Ltd. 2.74% ICICI Bank Ltd. 2.68% Mahindra And Mahindra Ltd. 2.40% Bharti Airtel Ltd. 1.50% Other 41.25% CBLO & Others GOVERNMENT 8.69% Government Of India % Government Of India % Government Of India % Government Of India % Government Of India % 8.24% Government Of India % 1.09% 78.07% 12.14% AUM (in Cr) (78%) TELECOMMUNICATION (22%) SOFTWARE / IT METAL 4.00% 3.72% 3.13% 7.86% 7.77% 6.09% 9.84% 9.20% 12.69% 15.55% 20.16% Exposure to equities has slightly decreased to 78.07% from 78.71% and MMI has decreased to 12.14% from 13.62% a MOM basis. Magnifier fund continues to be predominantly invested in large cap stocks and maintains a well diversified portfolio with investments made across various sectors. Modified Duration of the Fund is

18 Maximiser Fund SFIN No.ULIF01101/06/07BSLIINMAXI109 OBJECTIVE: To provide long term capital appreciation by actively managing a welldiversified equity portfolio of fundamentally strong blue chip companies. Further, the fund seeks to provide a cushion against the sudden volatility in the equities through some investments in shortterm money market instruments. STRATEGY: To build and actively manage a welldiversified equity portfolio of value and growth driven stocks by following a research focused investment approach. While appreciating the high risk associated with equities, the fund would attempt to maximize the riskreturn pay off for the longterm advantage of the policyholders. The fund will also explore the option of having exposure to quality mid cap stocks. The nonequity portion of the fund will be invested in good rated (P1/A1 & above) money market instruments and fixed deposits. The fund will also maintain a reasonable level of liquidity. NAV as on 31st August 2017: ` Date of Inception: 12Jun07 BENCHMARK: BSE 100 & Crisil Liquid Fund Index Asset held as on 31st August 2017: ` Cr Maximiser FUND MANAGER: Mr. Sameer Mistry Rating Profile CBLO & Others 10.72% % Aug10 Feb11 Aug11 Feb12 Aug12 Feb13 Aug13 Feb14 Aug14 Feb15 Aug15 EQUITY Feb16 HDFC Bank Ltd. 6.83% Housing Development Finance Corpn. Ltd. 5.54% ITC Ltd. 5.40% Reliance Industries Ltd. 5.08% Infosys Ltd. 4.10% ICICI Bank Ltd. 3.96% Maruti Suzuki India Ltd. 3.68% Larsen & Toubro Ltd. 3.18% Kotak Mahindra Bank Ltd. 2.46% Mahindra And Mahindra Ltd. 2.41% Other 46.63% Aug16 Feb17 Aug17 CBLO & Others 89.28% 10.72% 89.28% TELECOMMUNICATION (89%) AUM (in Cr) (11%) SOFTWARE / IT METAL 3.01% 2.87% 5.59% 8.75% 7.89% 7.81% 11.42% 10.33% 9.80% 13.59% 18.93% Exposure to equities has slightly increased to 89.28% from 88.70% and MMI has decreased to 10.72% from 11.30% on a MOM basis. Maximiser fund is predominantly invested in large cap stocks and maintains a well diversified portfolio with investments made across various sectors. 16

19 Maximiser Guaranteed Fund SFIN No.ULIF03027/08/13BSLIMAXGT109 OBJECTIVE: To provide long term capital appreciation by actively managing a welldiversified equity portfolio of fundamentally strong blue chip companies. Further, the fund seeks to provide a cushion against the sudden volatility in the equities through some investments in shortterm money market instruments. STRATEGY: To build and actively manage a welldiversified equity portfolio of value and growth driven stocks by following a research focused investment approach. While appreciating the high risk associated with equities, the fund would attempt to maximise the riskreturn pay off for the longterm advantage of the policyholders. The fund will also explore the option of having exposure to quality midcap stocks. The nonequity portion of the fund will be invested in good rated (P1/A1 & above) money market instruments and fixed deposits. The fund will also maintain a reasonable level of liquidity. NAV as on 31st August 2017: ` Date of Inception: 01Jan14 Asset held as on 31st August 2017: ` 6.88 Cr FUND MANAGER: Mr. Sameer Mistry Rating Profile EQUITY HDFC Bank Ltd. 8.35% Reliance Industries Ltd. 5.38% ITC Ltd. 4.74% Infosys Ltd. 4.43% ICICI Bank Ltd. 4.02% Larsen & Toubro Ltd. 3.79% State Bank Of India 3.72% Mahindra And Mahindra Ltd. 3.43% Tata Communications Ltd. 3.35% GAIL (India) Ltd. 3.02% Other 44.37% CBLO & Others 88.60% 11.40% 88.60% CBLO & Others 11.40% AUM (in Cr) 6.10 (89%) % 0.78 (11%) SOFTWARE / IT TELECOMMUNICATION CEMENT 22.42% 16.93% 8.88% 8.70% 8.18% 6.86% 5.22% 5.11% 3.78% 3.31% 10.60% Exposure to equities has decreased to 88.60% from 90.19% and MMI has increased to 11.40% from 9.81% on a MOM basis. Maximiser Guaranteed fund is predominantly invested in large cap stocks and maintains a well diversified portfolio with investments made across various sectors. 17

20 Super 20 Fund SFIN No.ULIF01723/06/09BSLSUPER20109 Date of Inception: 06Jul09 OBJECTIVE: To generate longterm capital appreciation for policy holders by making investments in fundamentally strong and liquid large cap companies. STRATEGY: To build and actively manage an equity portfolio of 20 fundamentally strong large cap stocks in terms of market capitalization by following an indepth researchfocused investment approach. The fund will attempt to adequately diversify across sectors. The fund will invest in companies having financial strength, robust, efficient & visionary management, enjoying competitive advantage along with good growth prospects & adequate market liquidity. The fund will adopt a disciplined yet flexible longterm approach towards investing with a focus on generating longterm capital appreciation. The nonequity portion of the fund will be invested in high rated money market instruments and fixed deposits. The fund will also maintain reasonable level of liquidity. NAV as on 31st August 2017: ` BENCHMARK: BSE Sensex & Crisil Liquid Fund Index Asset held as on 31st August 2017: ` Cr FUND MANAGER: Mr. Sameer Mistry Super 20 Rating Profile CBLO & Others 9.66% % Equities 90.34% Aug11 Feb12 Aug12 Feb13 Aug13 Feb14 Aug14 Feb15 Aug15 Feb16 Aug16 Feb17 Aug17 EQUITY HDFC Bank Ltd. 9.97% ITC Ltd. 8.29% Reliance Industries Ltd. 7.75% Infosys Ltd. 6.55% ICICI Bank Ltd. 6.40% Larsen & Toubro Ltd. 5.05% Maruti Suzuki India Ltd. 5.05% Housing Development Finance Corpn. Ltd. 4.96% Mahindra And Mahindra Ltd. 4.80% Nestle India Ltd. 4.23% Other 27.29% CBLO & Others 90.34% 9.66% AUM (in Cr) (90%) (10%) SOFTWARE / IT CEMENT METAL POWER 3.58% 2.97% 2.64% 5.59% 5.49% 11.78% 10.90% 9.38% 13.86% 12.44% 21.37% Exposure to equities has increased to 90.34% from 89.21% and MMI has decreased to 9.66% from 10.79% on a MOM basis. Super 20 fund is predominantly invested in large cap stocks and maintains a concentrated portfolio. 18

21 Multiplier Fund SFIN No.ULIF01217/10/07BSLINMULTI109 OBJECTIVE: To provide longterm wealth maximization by actively managing a welldiversified equity portfolio, predominantly comprising of companies whose market capitalisation is close to Rs crores and above. STRATEGY: To build and actively manage a welldiversified equity portfolio of value and growth driven stocks by following a research driven investment approach. The investments would be predominantly made in midcap stocks, with an option to invest 30% in largecap stocks as well. While appreciating the high risk associated with equities, the fund would attempt to maximize the riskreturn payoff for the longterm advantage of the policyholders. The fund will also maintain reasonable level of liquidity. NAV as on 31st August 2017: ` Date of Inception: 30Oct07 BENCHMARK: Nifty Free Float Midcap 100 & Crisil Liquid Fund Index Asset held as on 31st August 2017: ` Cr FUND MANAGER: Mr. Dhrumil Shah Multiplier CBLO & Others 3.15% Equities 96.85% Aug10 Feb11 Aug11 Feb12 Aug12 Feb13 Aug13 Feb14 Aug14 Feb15 Aug15 Feb16 Aug16 Feb17 Aug17 AUM (in Cr) EQUITY Bajaj Finance Ltd. 4.23% Indusind Bank Ltd. 3.60% Bajaj Electricals Ltd. 2.79% Chennai Petroleum Corporation Limited 2.61% Deepak Nitrite 2.43% Federal Bank Ltd. 2.27% Yes Bank Ltd. 2.12% Hindustan Petroleum Corpn. Ltd. 2.07% Future Retail Limited 2.02% Indraprastha Gas Ltd. 2.01% Other 70.69% CBLO & Others 96.85% 3.15% MANUFACTURING AUTO ANCILLIARY CONSTRUCTION (97%) (3%) METAL 4.36% 4.26% 3.34% 7.90% 7.60% 7.24% 6.10% 12.89% 10.84% 17.51% 17.97% Exposure to equities has increased to 96.85% from 93.03% and MMI has decreased to 3.15% from 6.97% on MOM basis. Multiplier fund is predominantly invested in high quality mid cap stocks and maintains a well diversified portfolio with investments made across various sectors. 19

22 Pure Fund SFIN No.ULIF02707/10/11BSLIPUREEQ109 OBJECTIVE: To provide longterm wealth creation by actively managing portfolio through investment in selective businesses. Fund will not invest in businesses that provide goods or services in gambling, lottery /contests, animal produce, liquor, tobacco, entertainment like films or hotels, banks and financial institutions. STRATEGY: To build and actively manage a welldiversified equity portfolio of value and growth driven fundamentally strong companies by following a researchfocused investment approach. investments in companies will be made in strict compliance with the objective of the fund. The fund will not invest in banks and financial institutions and companies whose interest income exceeds 3% of total revenues. Investment in leveragedfirms is restrained on the provision that heavily indebted companies ought to serve a considerable amount of their revenue in interest payments. NAV as on 31st August 2017: ` Asset held as on 31st August 2017: ` Cr FUND MANAGER: Mr. Trilok Agarwal Date of Inception: 09Mar12 Rating Profile EQUITY 86.03% Reliance Industries Ltd. 6.13% Maruti Suzuki India Ltd. 2.81% Indian Oil Corpn. Ltd. 2.59% Nestle India Ltd. 2.54% Larsen & Toubro Ltd. 2.42% Manpasand Beverages Limited 2.38% GAIL (India) Ltd. 2.24% Hindustan Unilever Ltd. 2.16% Britannia Industries Ltd. 2.03% PSP Projects 1.99% Other 58.74% CBLO & Others 13.97% CBLO & Others 13.97% 86.03% (86%) AUM (in Cr) (14%) % MANUFACTURING SOFTWARE / IT CEMENT AGRI RELATED AUTO ANCILLIARY 19.18% 11.93% 11.61% 9.78% 7.05% 6.99% 6.04% 5.99% 4.09% 3.54% 13.79% Exposure to equities has decreased to 86.03% from 89.95% and MMI has increased to 13.97% from 10.05% on a MOM basis. Pure fund maintains a diversified portfolio across various sectors excluding Media, Financial and Liquor sector. 20

23 Value & Momentum Fund SFIN No.ULIF02907/10/11BSLIVALUEM109 OBJECTIVE: To provide longterm wealth maximization by managing a welldiversified equity portfolio predominantly comprising of deep value stocks with strong price and earnings momentum. STRATEGY: To build and manage a welldiversified equity portfolio of value and momentum driven stocks by following a prudent mix of qualitative and quantitative investment factors. This strategy has outperformed the broader market indices over longterm. The fund would seek to identify companies, which have attractive business fundamentals, competent management and prospects of robust future growth and are yet available at a discount to their intrinsic value and display good momentum. The fund will also maintain reasonable levels of liquidity. NAV as on 31st August 2017: ` BENCHMARK: BSE 100 & Crisil Liquid Fund Index Asset held as on 31st August 2017: ` Cr FUND MANAGER: Mr. Sumit poddar Date of Inception: 09Mar12 Value & Momentum Rating Profile CBLO & Others 14.80% % Aug13 Nov13 Feb14 May14 Aug14 Nov14 Feb15 May15 Aug15 Nov15 Feb16 May16 Aug16 Nov16 Feb17 May17 Aug17 Equities 85.20% AUM (in Cr) EQUITY 85.20% Hindustan Petroleum Corpn. Ltd. 3.77% Bajaj Corp Ltd. 3.54% Bharat Petroleum Corpn. Ltd. 3.41% PTC India Ltd. 3.09% DB Corp Ltd. 3.08% National Aluminium Co. Ltd. 2.99% Indiabulls Housing Finance Ltd 2.97% Sonata Software Ltd 2.93% NHPC Ltd. 2.78% Greaves Cotton Ltd. 2.74% Other 53.91% CBLO & Others 14.80% (85%) MANUFACTURING 33.81(15%) POWER METAL SOFTWARE / IT MEDIA IT 3.61% 3.44% 3.21% 6.52% 6.33% 5.50% 13.38% 11.55% 16.11% 14.04% 16.30% Exposure to equities has decreased to 85.20% from 87.35% and MMI has increased to 14.80% from 12.65% on a MOM basis. Value & Momentum fund is predominantly invested in quality midcap stocks complying with value criteria. 21

24 Capped Nifty Index Fund SFIN No.ULIF03530/10/14BSLICNFIDX109 OBJECTIVE: To provide capital appreciation by investing in a portfolio of equity shares that form part of a capped nifty Index Date of Inception: 24Sep15 STRATEGY: To invest in all the equity shares that form part of the Capped Nifty in the same proportion as the Capped Nifty. The Capped Nifty Index will have all 50 companies that form part of Nifty index and will be rebalanced on a quarterly basis. The index composition will change with every change in the price of Nifty constituents. Rebalancing to meet the capping requirements will be done on a quarterly basis. NAV as on 31st August 2017: ` Asset held as on 31st August 2017: ` Cr FUND MANAGER: Mr. Trilok Agarwal Rating Profile EQUITY 98.17% Reliance Industries Ltd. 7.94% ITC Ltd. 7.35% HDFC Bank Ltd. 6.30% Infosys Ltd. 5.78% Housing Development Finance Corpn. Ltd. 5.01% Tata Consultancy Services Ltd. 4.22% Larsen & Toubro Ltd. 4.21% ICICI Bank Ltd. 3.40% Maruti Suzuki India Ltd. 3.07% Hindustan Unilever Ltd. 2.61% Other 48.27% CBLO & Others 1.83% Equities 98.17% CBLO & Others 1.83% (98%) AUM (in Cr) 0.68 (2%) % SOFTWARE / IT METAL POWER 18.53% 13.70% 13.13% 11.85% 11.80% 5.81% 5.18% 4.65% 4.29% 3.28% 7.79% Exposure to equities has increased to 98.17% from 94.67% and MMI has decreased to 1.83% from 5.33% on a MOM basis. Capped Nifty Index fund continues to be invested in all equity shares forming part of the nifty index. 22

25 Fund SFIN No.ULIF03430/10/14BSLIASTALC109 OBJECTIVE: To provide capital appreciation by investing in a suitable mix of cash, debt and equities. The investment strategy will involve a flexible policy for allocating assets among equities, bonds and cash. STRATEGY: To appropriately allocate money between equity, debt and money market instruments, to take advantage of the movement of asset prices resulting from changing financial and economic conditions. NAV as on 31st August 2017: ` Date of Inception: 24Sept15 Asset held as on 31st August 2017: ` Cr FUND MANAGER: Mr. Trilok Agarwal (), Mr. Ajit Kumar PPB () GOVERNMENT 9.16% State Government Of Rajasthan % 8.17% Government Of India % 7.8% Government Of India % 8.24% Government Of India % 8.28% Government Of India % 7.88% Government Of India % CORPORATE DEBT 7.89% Can Fin Homes Ltd % Tata Motors Finance Ltd % 8.5% Indiabulls Housing Finance Ltd % 8.05% Repco Home Finance Ltd % 8.4% Power Grid Corpn. Of India Ltd % 8.4% Nuclear Power Corpn. Of India Ltd % 8.45% Housing Development Finance Corpn. Ltd % 8.32% Power Grid Corpn. Of India Ltd % EQUITY HDFC Bank Ltd. 2.50% Reliance Industries Ltd. 2.37% ITC Ltd. 1.96% ICICI Bank Ltd. 1.54% Infosys Ltd. 1.23% Kotak Mahindra Bank Ltd. 1.15% Larsen & Toubro Ltd. 1.06% Maruti Suzuki India Ltd. 1.03% Housing Development Finance Corpn. Ltd. 1.00% Bajaj Finance Ltd. 0.90% Other 21.70% CBLO & Others AUM (in Cr) (36%) 28.06% 25.46% 36.46% 10.03% NCD 25.46% GSec 28.06% CBLO & Others 10.03% Equities 36.46% SOFTWARE / IT MANUFACTURING CEMENT Maturity (in years) Yield to Maturity 3.36% Rating Profile AAA 33.04% 6.13% 5.45% 5.16% 3.99% 8.22% 7.55% AA+ AA 8.59% 5.55% 52.81% 14.04% 13.01% 13.78% % Modified Duration % Maturity Profile 42.13% (64%) 21.63% 36.24% Less than 2 years 2 to 7 years 7 years & above Exposure to equities has decreased to 36.46% from 37.40% and MMI has slightly decreased to 10.03% from 10.51% on a MOM basis. fund continues to be predominantly invested in large cap stocks and highest rated fixed income instruments. 23

26 Platinum Plus I Fund SFIN No.ULIF01325/02/08BSLIIPLAT1109 OBJECTIVE: To optimize the participation in an actively managed well diversified equity portfolio of fundamentally strong blue chip companies while using debt instruments & derivatives to lockincapital appreciations. STRATEGY: The strategy of the fund is to have an optimum mix of equities & fixed income instruments, with up to 100% exposure in both equities & fixed income assets & up to 40% in Money Market Instruments. The equity investment strategy will revolve around building and actively managing a welldiversified equity portfolio of value & growth driven fundamentally strong bluechip companies by following a researchfocused investment approach. On the fixed income side, investments will be made in government securities, high rated corporate bonds and money market instruments. At inception, 80%100% of the assets will be invested in equities. However, subsequently and particularly in case of a market decline, the assets may be more heavily reallocated in debt. instruments and money market funds. As a result, the future returns of Platinum Plus Fund IV may be lower than those of the equity market. NAV as on 31st August 2017: ` Asset held as on 31st August 2017: ` Cr GOVERNMENT Government Of India % 8.24% Government Of India % 7.83% Government Of India % 5.69% Government Of India % 8.27% Government Of India % CORPORATE DEBT 9.3% Power Grid Corpn. Of India Ltd % 9.05% Sundaram Finance Ltd % 9.43% Indian Railway Finance Corpn. Ltd % 8.3% National Bank For Agri. And Rural Development % 8.71% HDB Financial Services Ltd % 8.39% Gruh Finance Ltd % 8.6% Kotak Mahindra Prime Ltd % 8.34% LIC Housing Finance Ltd % 9.57% LIC Housing Finance Ltd % 11.25% Power Finance Corpn. Ltd % Other Corporate 9.26% EQUITY HDFC Bank Ltd. 3.55% Reliance Industries Ltd. 3.07% Housing Development Finance Corpn. Ltd. 2.79% ITC Ltd. 2.60% Infosys Ltd. 2.48% ICICI Bank Ltd. 2.05% Maruti Suzuki India Ltd. 1.78% Larsen & Toubro Ltd. 1.63% Kotak Mahindra Bank Ltd. 1.35% GAIL (India) Ltd. 1.20% Other 17.43% CBLO & Others AUM (in Cr) (40%) Date of Inception: 17Mar08 FUND MANAGER: Mr. Sumit Poddar (), Mr. Ajit Kumar () 9.04% 39.71% 39.94% 11.30% CBLO & Others GSecs NCD 11.30% 9.04% 39.71% Equities 39.94% SOFTWARE / IT POWER TELECOMMUNICATION Maturity (in years) Yield to Maturity 4.09% 4.09% 3.81% 2.93% Rating Profile 7.28% 6.32% % Modified Duration 0.60 Maturity Profile % 20.41% 11.65% 10.29% 10.09% AAA 70.35% 15.67% AA+ 9.24% 23.78% (60%) Exposure to equities has slightly increased to 39.94% from 39.55% and MMI has increased to 11.30% from 7.76% on a MOM basis. Platinum Plus I fund continues to be predominantly invested in large cap stocks and highest rated fixed income instruments. 24

27 Platinum Plus II Fund SFIN No.ULIF01425/02/08BSLIIPLAT2109 OBJECTIVE: To optimize the participation in an actively managed well diversified equity portfolio of fundamentally strong blue chip companies while using debt instruments & derivatives to lockincapital appreciations. STRATEGY: To have an optimum mix of equities & fixed income instruments, with up to 100% exposure in both equities & fixed income assets & up to 40% in Money Market Instruments (MMI). At inception, 80%100% of investible amount to be invested in equities with dynamic rebalancing of asset allocation thereafter. Utmost thrust to be laid on building a good quality portfolio. The fund would be managed within internal & regulatory guidelines NAV as on 31st August 2017: ` Date of Inception: 08Sep08 Asset held as on 31st August 2017: ` Cr FUND MANAGER: Mr. Trilok Agarwal (), Mr. Ajit Kumar PPB () GOVERNMENT 7.83% Government Of India % 5.69% Government Of India % 8.24% Government Of India % CORPORATE DEBT National Bank For Agri. And Rural Development % National Housing Bank % 9.7% Power Finance Corpn. Ltd % 8.55% Indian Railway Finance Corpn. Ltd % 7.57% Ultratech Cement Ltd % 9.35% Power Grid Corpn. Of India Ltd % 10.85% Rural Electrification Corpn. Ltd % LIC Housing Finance Ltd % 9.81% Power Finance Corpn. Ltd % 9.65% Housing Development Finance Corpn. Ltd % Other Corporate 15.74% EQUITY HDFC Bank Ltd. 3.78% Housing Development Finance Corpn. Ltd. 3.52% Reliance Industries Ltd. 3.21% ITC Ltd. 2.72% Infosys Ltd. 2.60% ICICI Bank Ltd. 2.30% Maruti Suzuki India Ltd. 1.82% Larsen & Toubro Ltd. 1.67% Kotak Mahindra Bank Ltd. 1.42% GAIL (India) Ltd. 1.25% Other 18.16% CBLO & Others AUM (in Cr) (42%) 1.34% 46.27% 42.45% 9.94% Equities 42.45% CBLO & Others 9.94% GSecs 1.34% NCD 46.27% SOFTWARE / IT POWER TELECOMMUNICATION Maturity (in years) Yield to Maturity 3.99% 3.94% 3.69% 2.94% 5.37% Rating Profile 9.97% 9.92% 8.42% 11.45% % Modified Duration % Maturity Profile AAA 94.92% 15.35% 5.08% 24.96% (58%) Less than 2 years 1.68% 2 to 7 years Exposure to equities has slightly increased to 42.45% from 42.40% and MMI has increased to 9.94% from 7.47% on a MOM basis. Platinum Plus II fund continues to be predominantly invested in large cap stocks and highest rated fixed income instruments. 25

28 Platinum Plus III Fund SFIN No. ULIF01628/04/09BSLIIPLAT3109 Date of Inception: 15May09 OBJECTIVE: To optimize the participation in an actively managed welldiversified equity portfolio of fundamentally strong blue chip companies while using debt instruments and derivatives to lockin capital appreciations. The use of derivatives will be for hedging purposes & and as approved by the IRDA. STRATEGY: To have an optimum mix of equities & fixed income instruments, with up to 100% exposure in both equities & fixed income assets & up to 40% in Money Market Instruments (MMI). At inception, 80%100% of investible amount to be invested in equities with dynamic rebalancing of asset allocation thereafter. Utmost thrust to be laid on building a good quality portfolio. The fund would be managed within internal & regulatory guidelines NAV as on 31st August 2017: ` Asset held as on 31st August 2017: ` Cr FUND MANAGER: Mr. Trilok Agarwal (), Mr. Ajit Kumar PPB () GOVERNMENT 2.52% 6.9% Government Of India % 5.64% Government Of India % 7.8% Government Of India % 6.05% Government Of India % Equities 42.08% CBLO & Others 6.78% GSecs 2.52% Rating Profile 6.03% AA 0.56% CORPORATE DEBT National Housing Bank % 8.33% Indian Railway Finance Corpn. Ltd % 8.97% LIC Housing Finance Ltd % 8.65% NTPC Ltd % 7.57% Ultratech Cement Ltd % 8.2% Small Industries Development Bank Of India % National Bank For Agri. And Rural Development % 9.39% Power Finance Corpn. Ltd % 8.85% Power Grid Corpn. Of India Ltd % 9.43% Tata Sons Ltd % Other Corporate 20.14% EQUITY HDFC Bank Ltd. 3.63% Housing Development Finance Corpn. Ltd. 3.56% Reliance Industries Ltd. 3.19% ITC Ltd. 2.70% Infosys Ltd. 2.59% ICICI Bank Ltd. 2.25% Maruti Suzuki India Ltd. 1.78% Larsen & Toubro Ltd. 1.63% Kotak Mahindra Bank Ltd. 1.44% GAIL (India) Ltd. 1.25% Other 18.07% CBLO & Others AUM (in Cr) (42%) 48.62% 42.08% 6.78% NCD 48.62% SOFTWARE / IT TELECOMMUNICATION Maturity (in years) Yield to Maturity 3.97% 3.88% 3.67% 2.95% 5.53% 8.58% AAA 93.41% 11.55% 9.96% 9.89% % Modified Duration % POWER Maturity Profile 15.34% 24.69% 14.42% 0.78% (58%) Less than 2 years 2 to 7 years 7 years & above Exposure to equities has slightly decreased to 42.08% from 42.28% and MMI has been slightly increased to 6.78% from 6.27% on a MOM basis. Platinum Plus III fund continues to be predominantly invested in large cap stocks and highest rated fixed income instruments. 26

29 Platinum Plus IV Fund SFIN No.ULIF01816/09/09BSLIIPLAT4109 OBJECTIVE: To optimize the participation in an actively managed well diversified equity portfolio of fundamentally strong blue chip companies while using debt instruments & derivatives to lockin capital appreciations STRATEGY: To have an optimum mix of equities & fixed income instruments, with up to 100% exposure in both equities & fixed income assets & up to 40% in Money Market Instruments (MMI). At inception, 80%100% of investible amount to be invested in equities with dynamic rebalancing of asset allocation thereafter. Utmost thrust to be laid on building a good quality portfolio. The fund would be managed within internal & regulatory guidelines NAV as on 31st August 2017: ` Asset held as on 31st August 2017: ` Cr FUND MANAGER: Date of Inception: 15Sep09 Mr. Trilok Agarwal (), Mr. Ajit Kumar PPB () GOVERNMENT 2.80% 8.19% Government Of India % 8.24% Government Of India % Equities 41.73% CBLO & Others 7.72% GSecs 2.80% Rating Profile AA+ 9.65% 7.14% AA 2.60% CORPORATE DEBT 9.04% Rural Electrification Corpn. Ltd % 9.32% Power Finance Corpn. Ltd % 9.05% Petronet LNG Ltd % National Bank For Agri. And Rural Development % 9.4% Housing Development Finance Corpn. Ltd % 9.63% Rural Electrification Corpn. Ltd % 8.68% Aditya Birla Nuvo Ltd % 8.93% Power Grid Corpn. Of India Ltd % 8.37% National Bank For Agri. And Rural Development % 8.68% LIC Housing Finance Ltd % Other Corporate 9.21% EQUITY HDFC Bank Ltd. 3.68% Housing Development Finance Corpn. Ltd. 3.53% Reliance Industries Ltd. 3.16% ITC Ltd. 2.68% Infosys Ltd. 2.56% ICICI Bank Ltd. 2.21% Maruti Suzuki India Ltd. 1.75% Larsen & Toubro Ltd. 1.61% Kotak Mahindra Bank Ltd. 1.43% GAIL (India) Ltd. 1.23% Other 17.90% CBLO & Others AUM (in Cr) (42%) 47.75% 41.73% 7.72% NCD 47.75% SOFTWARE / IT POWER TELECOMMUNICATION Maturity (in years) Yield to Maturity 3.95% 3.85% 3.65% 2.99% 5.54% 9.95% 9.85% 8.58% % Modified Duration 1.70 Maturity Profile 66.49% AAA 80.62% 11.53% 15.30% 24.81% 32.51% 0.99% (58%) Less than 2 years 2 to 7 years 7 years & above Exposure to equities has decreased to 41.73% from 42.07% and MMI has slightly increased to 7.72% from 7.67% on a MOM basis. Platinum Plus IV fund is continues to be predominantly invested in large cap stocks and highest rated fixed income instruments. 27